How to benefit from closed-end funds

A SIGNIFICANT PROPORTION OF the financial service sector operates on the assumption
that savers are neither capable nor willing of looking after their own investments
and so need help from the ‘experts’. Inevitably this help and all the regulatory
encumbrances that accompany it are costly, eating into investment returns.
There is often a strong bias towards sacrificing returns for what the professionals
regard as lower risk, but which is, in reality, only a reduction in short-term price
volatility.